The newly introduced Income Tax Bill 2025 aims to simplify the existing provisions of the Income-Tax Act, of 1961. The provisions of the New Tax Regime outlined in Section 115BAC of the Income-Tax ...

In the new tax regime, Chapter-VIA deductions cannot be claimed, except deduction u/s 80CCD(2)/80CCH/80JJAA as per the provision of Section 115BAC of the Income Tax Act, 1961. (Chapter-VI A ...

America has a brand new tax on virtually every ... in the week requiring a baseline tax for all imports. The announcement sparked an outcry from America’s trading partners — allies and foes ...

April 15, dubbed Tax Day, is usually when income tax returns are due. Already, many people dread it, but for new retirees ... “Today’s retirees have a more complex financial system than ...

Here's a detailed guide on how often you can change tax regimes and what to keep in mind before filing. The government introduced a new tax regime in 2020 with lower slab rates but without the ...